Array Technologies (NASDAQ: ARRY) plunged over 1.24% to $19.97 in early trading session on Friday as company was awarded a contract to supply solar trackers for the Glenrowan solar farm project, which is a key site for the Victorian Renewable Energy Tender 2 (VRET2) auction. UGL is the project’s engineering, procurement, and construction firm, working with developer Pacific Partners.
CEO at Array Technologies, Kevin Hostetler stated that they recognize the importance of transitioning to a clean energy future, and producing locally sourced components is a critical step in that process. Along with the environmental benefits, this decision will help them meet the growing demand for renewable energy utilities, expedite project schedules, and have long-lasting economic benefits for Australia. They are proud to be the first company to offer a tracker made in Australia and to support Australia’s domestic manufacturing base for future renewable energy projects.
Sunrun Inc. (NASDAQ:RUN) Partners With Startup Lunar Energy Inc. to operate VPPs
U.S. residential solar company, Sunrun Inc. (NASDAQ:RUN) drops over 1.67% to $27.92 in early trading session on Friday as It has partnered with startup Lunar Energy Inc to operate virtual power plants (VPPs) of home solar and storage systems, taking the first step toward transforming its vast customer network into a resource for power grids.
Lunar, which is backed by Sunrun and Korean battery maker SK Group, is already operating 12 such systems for the California-based solar company from New England to Hawaii, according to a blog post scheduled for Tuesday.
Sunrun has been looking into VPPs as a way to maximize the value of its 48,000 home battery systems. VPPs can be called upon to supply power when grid supplies are depleted or to store power when there is more solar and wind power than is required, reducing the need for fossil-fueled centralized power plants.
“VPPs have arrived,” said Kunal Girotra, CEO of Lunar. “With these early programs, we demonstrated that we can make this work. It’s all about scale now.”
Sunnova Energy International Inc. (NYSE: NOVA) Tides Shoes to Release Q4 Earnings
Sunnova Energy International Inc. (NYSE: NOVA) plunges over 3.87% to $20.02 in early trading session on Friday after it announced that it will release its fourth quarter and full year 2022 results after the markets close on February 22, 2023, to be followed by a conference call to discuss the results at 8:00 a.m. Eastern Time on February 23, 2023.
The company announced a partnership with USAA Alliance Services, a leading provider of financial services to active and retired military personnel and their families, to provide EaaS solutions to its members across the United States. Members of USAA will benefit from both companies’ commitment to customer service and will have access to affordable, reliable, and clean energy generated directly from their rooftops. “We are excited to partner with USAA and bring our Sunnova SunSafe® solar + battery storage services to its members,” said Vera Gavrilovich, Sunnova’s VP of Marketing. As more consumers face rising energy bills and increasingly frequent power outages, many are turning to Sunnova to protect their financial future and increase their energy security.